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Rainbow Technologies

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BUSINESS
February 17, 1992 | Researched by DALLAS M. JACKSON / Los Angeles Times
Nature of Business: Develops, manufactures and markets computer security devices. Total Employees: 72 In Orange County: 65 Stock Listing in The Times: On NASDAQ as "RainTc" Ticker Symbol: "RNBO" Friday's Stock Close: $31.75 One-Week Change: Up $3.25 Analyst Review: "The key to Rainbow Technologies is management, and they've got an absolutely fabulous team. Company president Walt Straub is a very talented, very smart guy.
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BUSINESS
June 15, 2001 | Reuters
Rainbow Technologies Inc., an Irvine Internet security provider, said Thursday that it expects to lose money in the second quarter instead of breaking even, as business slowed in its U.S. and European markets. The company said it now expects to lose 6 cents to 9 cents a share, with revenues down 5% from year-earlier levels. Analysts had been expecting Rainbow to break even, according to a survey by First Call/Thomson Financial.
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BUSINESS
February 24, 2000
Rainbow Technologies Inc., an Irvine provider of Internet and electronic commerce software, reported net income of $3.1 million, or 25 cents a share, for the fourth quarter. That contrasts with a net loss of $2.4 million, or 20 cents a share, for the year-earlier period, which included charges of $5.3 million related to asset impairments, investments, reorganization and a write-off. Quarterly revenue rose 15% to a record $35.4 million. Net income for the year climbed to $8.
BUSINESS
May 3, 2001
The Irvine provider of Internet security products said it incurred a net loss of $2.6 million, or 9 cents a share, for the first quarter, which included one-time charges of $1 million related to an acquisition. The company earned $3.1 million, or 12 cents a share, a year earlier. Revenue advanced 10% to $40.2 million.
BUSINESS
January 28, 1995 | HOPE HAMASHIGE, SPECIAL TO THE TIMES
Rainbow Technologies Inc. said Friday that it is acquiring a Torrance maker of products to protect software against piracy. Rainbow, based in Irvine, traded 1.8 million shares of its stock for all the shares of Mykotronx, a privately held company. Though the companies did not disclose the terms of the deal, it would be valued at $29.5 million based on Friday's closing price of $16.38 a share.
BUSINESS
May 13, 1999 | Dow Jones
Irvine-based Rainbow Technologies Inc. on Wednesday said it acquired Systematic Systems Integration, an electronic commerce integration services firm, for $9.5 million. Rainbow Technologies said Long Beach-based Systematic Systems, which makes and markets encryption technology and software protection products, had revenue of more than $8 million in 1998. For the year ended Dec. 31, Rainbow Technologies earned $2.5 million, or 21 cents a share, on sales of $109.2 million.
BUSINESS
November 8, 2000 | Bloomberg News
Rainbow Technologies Inc.'s stock rose $2.81, or 12%, to $25.69 Tuesday after Standard & Poor's announced that the Irvine maker of software-protection devices will replace Chiquita Brands International Inc. in the S&P SmallCap 600 Index. Chiquita's shares fell 44 cents, or 23%, to $1.50.
BUSINESS
May 3, 2000 | Karen Alexander
Computer security developer Rainbow Technologies Inc. in Irvine said it has been tapped to supply Pitney Bowes Inc. with encryption technology for corporate postage meters. The technology will be used in mailing systems for mid- to high-end businesses to prevent the misuse of company postage meters. Terms of the agreement were not disclosed. Pitney Bowes, based in Stamford, Conn., is a worldwide leader of integrated mail and messaging management system.
BUSINESS
June 2, 1995 | ROSS KERBER
Rainbow Technologies Inc. has completed the acquisition of the Torrance-based maker of a controversial computer encoding device, executives said Thursday. Rainbow shareholders approved the purchase of Mykotronx at the company's annual meeting Wednesday. Mykotronx had been privately held, and its owners will receive 1.82 million shares of Rainbow stock--making the deal worth $37.9 million based on Rainbow stock's closing price of $20.875 per share Thursday.
BUSINESS
February 10, 2001 | KAREN ALEXANDER, TIMES STAFF WRITER
Computer security products maker Rainbow Technologies Inc. said Friday that a sudden slowdown in North American orders will cause it to report lower-than-expected quarterly earnings of 10 cents to 14 cents a share. The Irvine producer of information protection and software products said it would miss the target of 18 cents a share that analysts had expected for the fourth quarter. It expects to report financial results Feb. 28.
BUSINESS
February 10, 2001 | KAREN ALEXANDER, TIMES STAFF WRITER
Computer security products maker Rainbow Technologies Inc. said Friday that a sudden slowdown in North American orders will cause it to report lower-than-expected quarterly earnings of 10 cents to 14 cents a share. The Irvine producer of information protection and software products said it would miss the target of 18 cents a share that analysts had expected for the fourth quarter. It expects to report financial results Feb. 28.
BUSINESS
December 6, 2000 | KAREN ALEXANDER, TIMES STAFF WRITER
Rainbow Technologies Inc., a leading maker of computer security products, said Tuesday that it would reorganize the company into four business units as part of an aggressive growth plan that will add up to 100 employees to its work force. The Irvine computer security and encryption company and industry analysts said the reorganization, effective in January, would help Rainbow focus attention on its most promising product lines. The company's stock shot up 18% on Tuesday, gaining $2.
BUSINESS
October 24, 2000
Rainbow Technologies Inc., Irvine provider of Internet security software, completed its previously announced 2-for-1 stock split. The shares begin trading today at the post-split price, the company said. The stock, which has more than doubled, closed Monday at $48.63, up $1.63 a share, in Nasdaq trading.
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